Douglas Mwiti 
KCB Group PLC recorded KShs. 45.8 billion in profit after tax for the first nine months of the year, driven by sustained revenue growth. This was a 49% growth from KShs.30.7 billion posted a similar period last year.
Revenues increased by 22% to KShs.142.9 billion, bolstered by both funded and non-funded lines across the subsidiaries.
The contribution by subsidiaries (excluding KCB Bank Kenya) improved during the period, closing at 36.6% in profit after tax and 34% in total assets, a demonstration of the continued benefits of diversification to other markets outside Kenya.
“The operating environment has been tough across all our markets, but we have continued to walk the journey with our customers while ensuring our key fundamentals remain strong. We are optimistic of a strong end of the year, riding on improving market conditions, solutioning for customers and tapping the great strength of our people,” said KCB Group CEO Paul Russo, while releasing the results on Wednesday.
KCB continued to top in global, regional and local accolades, cementing its market leadership position.
In last Quarter of the Year KCB Group PLC profit after tax for the first half of the year ending June rose 86% to KShs.29.9 billion, as the Group sustained focus on supporting customers and economic recovery efforts.
